Amendments To The Companies Code And Proposals For Reform

"After diligent and excellent preparatory work by Professor L C B Gower, comprising a detailed explanatory report and draft legislation, the President and the National Assembly enacted the Companies Code. 1963 (Act 179).In this paper, we shall briefly catalogue and discuss the amendments made so far to the Code. We shall then point out some of the drafting inelegances of the Code. We shall next proceed to review some of the policy considerations that have informed the Code as presently drafted, and in the light of the policy review we shall offer some proposals for policy reform. We shall also make proposals for institutional reform. The final section of the paper shall reflect on the process for reform."